Structural transformation that happens as a process of economic development is characterized by which of the following? [Select Multiple]Group of answer choicesAs countries develop, the relative contribution of the agricultural sector to total employment and GDP declinesAs countries develop, the relative contribution of the manufacturing sector to a country's GDP first increases and then falls.As countries develop, the proportion of the population engaged in agriculture stabilizes eventually.As countries develop, the relative contribution of the service sector to a country's GDP first increases and then falls.

Structural transformation: It can be defined as change in structure , that is change in the…

Answered: Structural transformation that happens…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Structural transformation that happens as a process of economic development is characterized by which of the following? [Select Multiple]

Group of answer choices

As countries develop, the relative contribution of the agricultural sector to total employment and GDP declines
As countries develop, the relative contribution of the manufacturing sector to a country's GDP first increases and then falls.
As countries develop, the proportion of the population engaged in agriculture stabilizes eventually.
As countries develop, the relative contribution of the service sector to a country's GDP first increases and then falls.

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